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Journal of Accountancy · Recently

IRS raises per diem rates for business travel effective Oct. 1

Tax Brief summary and classification of the original reporting.

Bottom Line

💡 IRS raises per diem rates for business travel effective Oct. 1. Worth reviewing for potential client impact.

Summary

In its annual update, the IRS increased the special per diem rates taxpayers may use to substantiate business travel expenses for the upcoming travel year and updated its list of high-cost localities.

Classification

Category: fyiPriority: importantReason: Contains 'update' - significant update

Applies To

1040

Affected Groups

Individual return preparers

Related Topics

Original Source

We aggregate public tax updates and provide AI-assisted summaries. Please read the original reporting for full details.

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